HSBC imposes restrictions on large cash withdrawals

[TheFootMan]

This is a big reason that a lot of people in the UK are calling for revolution. Their are loads of protests that take place because of it. We might not be opressed physically or have it as bad as other countries, but our government is as corrupt as hell. Two of our main leaders went to court to DEFEND the banks for paying such big bonuses!

http://www.ft.com/cms/s/0/0f54735a-25f6-11e3-8ef6-00144feab7de.html

That particular link required a registration of sorts. If you could paste the full text to pastebin or something, that would be of help. Anyway, I've read about the UK. It's a society with big social differences, and the important positions are nearly all handed out to people who've been handed life on a silver plate, born into rich powerful families and then going to exclusive private schools. It seems like a lot of those people are completely detached from real life.

But the problem is, how do you get people to revolt when they do have food on their table and a roof above their head? Isn't this a revolution for intellectuals, for those who understand monetary policies and the banking system?

I mean, how much do the avg. joe know about inflation, and the inner workings of the financial system? And do he care at all?

[hilariousandco]

But the problem is, how do you get people to revolt when they do have food on their table and a roof above their head? Isn't this a revolution for intellectuals, for those who understand monetary policies and the banking system?

I mean, how much do the avg. joe know about inflation, and the inner workings of the financial system? And do he care at all?

These type of people are where revolutions usually start. And they should care. There's only so much shit people should take before they stand/rise up. And it's the people that hold the power, not governments, just most people don't realise it, but if they did there would be trouble for the powers that be.

[Sutters Mill]

This is a big reason that a lot of people in the UK are calling for revolution. Their are loads of protests that take place because of it. We might not be opressed physically or have it as bad as other countries, but our government is as corrupt as hell. Two of our main leaders went to court to DEFEND the banks for paying such big bonuses!

http://www.ft.com/cms/s/0/0f54735a-25f6-11e3-8ef6-00144feab7de.html

That particular link required a registration of sorts. If you could paste the full text to pastebin or something, that would be of help. Anyway, I've read about the UK. It's a society with big social differences, and the important positions are nearly all handed out to people who've been handed life on a silver plate, born into rich powerful families and then going to exclusive private schools. It seems like a lot of those people are completely detached from real life.

But the problem is, how do you get people to revolt when they do have food on their table and a roof above their head? Isn't this a revolution for intellectuals, for those who understand monetary policies and the banking system?

I mean, how much do the avg. joe know about inflation, and the inner workings of the financial system? And do he care at all?

Sorry, same story, different link: http://metro.co.uk/2013/09/25/taxpayers-foot-legal-bill-as-osborne-takes-on-europe-over-bankers-bonuses-4113431/

You're exactly right about the power being gifted, rather than awarded.

Regarding the food thing, not everyone is that privelaged. We have a massive difference in social classes in terms of opportunity and wealth.

You are probably right about this being more of a revolution for intellectuals, but we're always reading here about how our MPs have been claiming back stupid expenses from our tax money (like getting their moat cleaned).

I'm venting of course, but it's worth looking into further. I don't think the UK will revolt any further than these protests we're seeing, mainly due to the reasons you identified. Every-day people don't care because they have what they need. They are essentially paid-off and made ignorant by the people running the country so they can fly under the radar and live it up on tax-payers money.

They're defending each other (MPs and banks etc.) for the same reason I would defend those that I owed favors to.

[hilariousandco]

This is a big reason that a lot of people in the UK are calling for revolution. Their are loads of protests that take place because of it. We might not be opressed physically or have it as bad as other countries, but our government is as corrupt as hell. Two of our main leaders went to court to DEFEND the banks for paying such big bonuses!

http://www.ft.com/cms/s/0/0f54735a-25f6-11e3-8ef6-00144feab7de.html

That particular link required a registration of sorts. If you could paste the full text to pastebin or something, that would be of help. Anyway, I've read about the UK. It's a society with big social differences, and the important positions are nearly all handed out to people who've been handed life on a silver plate, born into rich powerful families and then going to exclusive private schools. It seems like a lot of those people are completely detached from real life.

But the problem is, how do you get people to revolt when they do have food on their table and a roof above their head? Isn't this a revolution for intellectuals, for those who understand monetary policies and the banking system?

I mean, how much do the avg. joe know about inflation, and the inner workings of the financial system? And do he care at all?

Sorry, same story, different link: http://metro.co.uk/2013/09/25/taxpayers-foot-legal-bill-as-osborne-takes-on-europe-over-bankers-bonuses-4113431/

You're exactly right about the power being gifted, rather than awarded.

Regarding the food thing, not everyone is that privelaged. We have a massive difference in social classes in terms of opportunity and wealth.

You are probably right about this being more of a revolution for intellectuals, but we're always reading here about how our MPs have been claiming back stupid expenses from our tax money (like getting their moat cleaned).

I'm venting of course, but it's worth looking into further. I don't think the UK will revolt any further than these protests we're seeing, mainly due to the reasons you identified. Every-day people don't care because they have what they need. They are essentially paid-off and made ignorant by the people running the country so they can fly under the radar and live it up on tax-payers money.

They're defending each other (MPs and banks etc.) for the same reason I would defend those that I owed favors to.

They won't have everything they need if benefits are getting cut continually and other sanctions are being imposed. Even those who work can find it hard to survive when the rate or living is rising and the minimum wage isn't. Look at the London Riots that happened a couple of years ago. They brought the city of London to its knees and it spread like wildfire across the country. Imagine what we could do with peaceful protests or if people actually rioted for the right reasons - spending money on needless wars, selling off state-owned business for peanuts and bankers ruining the economy etc. Why is it that HSBC bankers laundered drug money and nobody went to prison, but if you nicked a packet of rice in the riots you got sent down for it? Where's the justice?What would happen if we as a people stopped paying their wages? They only have power because we give it to them willingly.

[Sutters Mill]

This is a big reason that a lot of people in the UK are calling for revolution. Their are loads of protests that take place because of it. We might not be opressed physically or have it as bad as other countries, but our government is as corrupt as hell. Two of our main leaders went to court to DEFEND the banks for paying such big bonuses!

http://www.ft.com/cms/s/0/0f54735a-25f6-11e3-8ef6-00144feab7de.html

That particular link required a registration of sorts. If you could paste the full text to pastebin or something, that would be of help. Anyway, I've read about the UK. It's a society with big social differences, and the important positions are nearly all handed out to people who've been handed life on a silver plate, born into rich powerful families and then going to exclusive private schools. It seems like a lot of those people are completely detached from real life.

But the problem is, how do you get people to revolt when they do have food on their table and a roof above their head? Isn't this a revolution for intellectuals, for those who understand monetary policies and the banking system?

I mean, how much do the avg. joe know about inflation, and the inner workings of the financial system? And do he care at all?

Sorry, same story, different link: http://metro.co.uk/2013/09/25/taxpayers-foot-legal-bill-as-osborne-takes-on-europe-over-bankers-bonuses-4113431/

You're exactly right about the power being gifted, rather than awarded.

Regarding the food thing, not everyone is that privelaged. We have a massive difference in social classes in terms of opportunity and wealth.

You are probably right about this being more of a revolution for intellectuals, but we're always reading here about how our MPs have been claiming back stupid expenses from our tax money (like getting their moat cleaned).

I'm venting of course, but it's worth looking into further. I don't think the UK will revolt any further than these protests we're seeing, mainly due to the reasons you identified. Every-day people don't care because they have what they need. They are essentially paid-off and made ignorant by the people running the country so they can fly under the radar and live it up on tax-payers money.

They're defending each other (MPs and banks etc.) for the same reason I would defend those that I owed favors to.

They won't have everything they need if benefits are getting cut continually and other sanctions are being imposed. Even those who work can find it hard to survive when the rate or living is rising and the minimum wage isn't. Look at the London Riots that happened a couple of years ago. They brought the city of London to its knees and it spread like wildfire across the country. Imagine what we could do with peaceful protests or if people actually rioted for the right reasons - spending money on needless wars, selling off state-owned business for peanuts and bankers ruining the economy etc. Why is it that HSBC bankers laundered drug money and nobody went to prison, but if you nicked a packet of rice in the riots you got sent down for it? Where's the justice?What would happen if we as a people stopped paying their wages? They only have power because we give it to them willingly.

Agreed. In answer to that question, it's simply because they're who they are. They just protect each other, the government and the banks. You're right in what you say about them having these powers because we give it, but without any proper leadership, revolution won't happen.

[guybrushthreepwood]

Seems HSBC have apologised after a backlash: https://www.newsroom.hsbc.co.uk/articles/statement_on_large_cash_withdr lol.

[Sutters Mill]

From their online statement:

Cash presents more risk, and in particular financial crime risk, than other payment methods. It also leaves customers with very little protection if things go wrong.

Then, reported:

Certain companies and individuals flagged for illicit and criminal behavior are officially flagged in the system, and prohibited from authorized trade. But according to Stern, executives inside the system learned how to simply reclassify the coding to allow payments to go through to these entities.

Hundreds of millions of dollars were funneled to terrorist organizations including Hamas and Hezbollah – via the firm Tajco, operated by the Tajideen brothers – as well as drug cartels like Sinaloa and Los Zetas and Russian mobsters.

Biggest case of hypocrisy I've ever seen.

[yatsey87]

From their online statement:

Cash presents more risk, and in particular financial crime risk, than other payment methods. It also leaves customers with very little protection if things go wrong.

Then, reported:

Certain companies and individuals flagged for illicit and criminal behavior are officially flagged in the system, and prohibited from authorized trade. But according to Stern, executives inside the system learned how to simply reclassify the coding to allow payments to go through to these entities.

Hundreds of millions of dollars were funneled to terrorist organizations including Hamas and Hezbollah – via the firm Tajco, operated by the Tajideen brothers – as well as drug cartels like Sinaloa and Los Zetas and Russian mobsters.

Biggest case of hypocrisy I've ever seen.

That's banks for you. They don't care about their customers until there's a backlash and the threat of them losing some money.

[guybrushthreepwood]

From their online statement:

Cash presents more risk, and in particular financial crime risk, than other payment methods. It also leaves customers with very little protection if things go wrong.

Then, reported:

Certain companies and individuals flagged for illicit and criminal behavior are officially flagged in the system, and prohibited from authorized trade. But according to Stern, executives inside the system learned how to simply reclassify the coding to allow payments to go through to these entities.

Hundreds of millions of dollars were funneled to terrorist organizations including Hamas and Hezbollah – via the firm Tajco, operated by the Tajideen brothers – as well as drug cartels like Sinaloa and Los Zetas and Russian mobsters.

Biggest case of hypocrisy I've ever seen.

That's banks for you. They don't care about their customers until there's a backlash and the threat of them losing some money.

Profit is the only language they listen to. IF you want them to listen all you've got to do is take your money from them and therefore their power. Banks are only powerful because we give them all their money.